The Wall Street Journal leaked a memo this afternoon from Sallie Krawcheck, head of global wealth management at Bank of America, about the executives she has appointed to report to her.
We were glad to see that the two executives with whom we met recently to discuss their new wealth management platform, who were generous with their time and open and enthusiastic about their new

To shave milliseconds off their execution speeds, high-frequency trading firms look to capitalize on colocation strategies and other technologies to get close to exchange matching engines and reduce latency.

The trustee charged with recovering money for Bernard Madoff's victims says he plans to sue Bernard Madoff's brother Peter; his sons, Andrew and Mark, and niece Shana for negligence and breach of fiduciary responsibility.

Martin Wolf, Chief Economics Commentator at the Financial Times, speaks about the current state of the financial industry. Mr. Wolf also talks about his concerns, predictions, and what we can expect in the months to come.

A public service message supporting health insurance executives; President Obama delivers a few good lines on late-night TV.
Hollywood Supports Health Insurance Companies
This idea has been done before, but this public service ad, featuring Will Ferrell, Jon Hamm, Olivia Wilde and others is well executed. The actors point out that no health insurance executive should have to give up the private mini-zoo in his backyard.

Whatever does happen, Congress faces a mid-term election in 2010. So far, lawmakers have been all talk and no action on financial regulatory reform. Will voters be content with a lot of blather and little action when the elections come around?

Researchers at the New Jersey Institute of Technology and GRO Architects have designed a network of hydropower turbines that would sit on floating docks in the East and Hudson Rivers and generate electricity for New York City, according to LiveScience.com.

The new TradeSmart X integrates into a single interface major functionality enhancements for liquidity access; execution management; cross-asset class trading and reporting delivered with a new look and feel.

The Daily News dropped a bombshell this morning: the paper says that according to prosecutors' federal court papers, half of the victims of Bernard Madoff's Ponzi scheme were not victims at all, in fact they profited from the scheme.